US Bancorp DE Sells 103 Shares of Molina Healthcare, Inc. (NYSE:MOH)

US Bancorp DE trimmed its stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,164 shares of the company’s stock after selling 103 shares during the period. US Bancorp DE’s holdings in Molina Healthcare were worth $782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in Molina Healthcare by 1.5% in the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock worth $84,740,000 after acquiring an additional 3,754 shares during the period. Invesco Ltd. lifted its position in shares of Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after purchasing an additional 112,243 shares during the last quarter. Overbrook Management Corp boosted its stake in Molina Healthcare by 1.1% during the 4th quarter. Overbrook Management Corp now owns 36,908 shares of the company’s stock valued at $13,335,000 after purchasing an additional 391 shares during the period. Assenagon Asset Management S.A. boosted its stake in Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock valued at $37,282,000 after purchasing an additional 100,680 shares during the period. Finally, DNB Asset Management AS grew its holdings in Molina Healthcare by 20.7% in the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company’s stock valued at $15,483,000 after buying an additional 7,346 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MOH shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 4th. Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a report on Thursday, March 28th. Stephens reiterated an “equal weight” rating and issued a $390.00 target price on shares of Molina Healthcare in a research note on Thursday, April 25th. Truist Financial lifted their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Finally, Baird R W raised Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $407.45.

Get Our Latest Research Report on MOH

Molina Healthcare Stock Down 0.5 %

Shares of NYSE MOH opened at $306.31 on Thursday. The business has a fifty day moving average of $352.64 and a two-hundred day moving average of $369.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. Molina Healthcare, Inc. has a 52-week low of $269.67 and a 52-week high of $423.92. The stock has a market cap of $17.95 billion, a PE ratio of 16.62, a PEG ratio of 0.95 and a beta of 0.57.

Molina Healthcare (NYSE:MOHGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $5.81 EPS. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 23.56 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Molina Healthcare news, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now owns 16,945 shares in the company, valued at approximately $5,816,710.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James Woys sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The disclosure for this sale can be found here. 1.11% of the stock is owned by company insiders.

Molina Healthcare Company Profile

(Free Report)

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.

Further Reading

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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